local stations are. and cbs owns a lot of local stations. trump is objecting to certain segments on 60 minutes, the most popular news program in the united states. he thinks the segments are anti-trump. 60 minutes just thinks it's doing its job scrutinizing the administration. but what's notable here is trump is out loud suggesting or maybe directing his fcc, the federal communications commission, to probe cbs and to punish cbs. he is saying the network should lose its license. he's saying that the fcc should try to provide the maximum fines and penalties against cbs for its journalism, for its reporting. and he's doing that in a message on his truth social app that is directed toward brendan carr, the man he chose to run the fcc. so last week we saw trump ordering the justice department to investigate his critics. here we see trump directing the fcc to punish cbs. last week, brendan carr, the fcc chairman was seen wearing a gold pin with trump's head, the likeness of trump's head on his lapel. so we will see what carr does. i did text carr asking if

he has any comment and he hasn't responded. >> yeah, i was going to ask any response from carr quite yet. we will stand by to stand by because you'll bring that to us. thank you so much, brian. i really appreciate it. it's great to see you. a new hour of cnn news central starts right now. >> and we are standing by for the opening bell on wall street after president trump slapped tariffs on electronics like smartphones, only to pull them back, only to say he is imposing them once again. nate silver observes, it undercuts your negotiating position when you negotiate against yourself. we've got new details on the suspect charge in the arson attack on the home of the pennsylvania governor. he told police he would have hit the governor with a hammer, and katy perry, are you ready for liftoff? you better be. you're about to be part of a very short but very publicized trip to space. i'm john berman with sara sidner and kate baldwin. this is cnn news central.

>> we are less than 30 minutes and counting now until the opening bell. u.s. stock futures are looking up after the stock market lost about $1 trillion last week. 5 trillion. that is the mixed messages from the trump administration not helping. on friday, they carved out tariff exemptions for in-demand consumer electronics like smartphones and computers. but overnight, the president signaled that reprieve is only temporary and that new tariffs are coming on the semiconductor industry. adding to all the uncertainty, the president said last week that new tariffs are also on the way for pharmaceuticals. economists warn that could hike prescription prices and make shortages on some drugs even worse. cnn's alayna treene is joining us now from the white house. you got some new reaction from trump's team on on how this is all supposed to work. give us the

details. >> on that. that's right. and i do think, sarah, that this is going to be just another week of economic uncertainty, because it does seem like that reprieve that we kind of saw come out friday night when the white house released what they called a, quote, clarification of exemptions, which revealed that consumer electronics would not be included in some of those targeted tariffs on beijing. now they're saying that actually those exemptions are going to be pushed into a new bucket when he announces new semiconductor tariffs that he said he's going to be announcing in the coming days. all to say, there's a lot of confusion around this. we saw that this weekend that it's unclear exactly who is going to be covered in these new tariffs. and what that means, particularly for consumer electronics and whatnot. now, i had an opportunity to catch up with one of the president's top economic advisers this morning, his director of the national economic council, kevin hassett. i asked him specifically, are there going to be new exemptions in these new semiconductor tariffs that are still yet to be announced? and particularly,

could that include something like exemptions for iphones? listen to what he said. >> in the 232 action the courts upheld over and over, the u.s. is right to protect america by putting tariffs on things that affect national security. and so there isn't any change in anything. it's just a question of when you say, is this affecting national security or not, that there are experts, legal officials and technical experts that decide what is and what isn't? and that's a process that happens a little bit over time when these actions are announced. but in the end, it's not a question of exemption or not, but covered or not. >> sadie was saying at the end there is that it's not a question of exemptions, whether it's covered. and what he meant by that was is it covered in what they're going to be looking at, which is national security, things that they believe are key to the united states national security. those are things that may be tariffed if those goods are coming to the united states. but i'll just say, i think that was a confusing answer. i think a lot of the answers we've been hearing from the white house's

top economic officials on this have been kind of muddying the waters. and as we know, a lot of this uncertainty only adds to more volatility in the markets. just one other quick thing i want to mention as well is that when president donald trump was taking questions about this on air force one last night, he brought up specifically that he wants to be flexible, particularly flexible on certain different consumer items. that's kind of where this iphone question comes in. would exemptions be like included for things like iphones? all to say still very much unclear, but we should be getting announcement. according to president donald trump in the coming days regarding these new tariffs. sarah. >> yeah, that was as clear as mud alayna treene as you pointed out. thank you so much. appreciate it john. >> all right. with us now is congressman raja krishnamoorthi, a democrat from illinois. thank you so much for being with us. congressman. how do you feel about tariffs on things like cell phones and semiconductors? do you support those tariffs or are you opposed to those tariffs?

>> i don't like blanket tariffs at this point. i think it's creating tremendous chaos and confusion. you know, people are actively calling my office, whether they're small business people who are saying that their inputs are going up and their orders are drying up, and they're thinking about layoffs to just average consumers who are saying their prices are going up. and you know, their stock market retirement savings and college savings are plummeting. and basically what we're seeing is blanket. tariffs are taxes on hardworking people to fund tax cuts for the wealthiest. and that's really bothering people a lot. >> so you oppose blanket tariffs. i'm asking you specifically on the tariffs that might be imposed on cell phones in semiconductors, or might have been lifted on smartphones and semiconductors, or might be back on. are you supportive of tariffs on those items? >> i think certain tariffs on chinese products where there's

dumping where there's economic aggression might make sense, but kind of blanket tariffs on all products, regardless of whether there's any economic aggression that's shown or any kind of behavioral change that we seek to make. in other countries doesn't make any sense. and then the exemptions don't make sense as well, because you know, we're hearing talk of tim cook and apple making donations to the president's inauguration fund, and that might have helped to spur some of these exemptions. we're hearing of jensen huang of nvidia attending a $1 million plate fundraiser. and now there might be export controls relaxed on nvidia chips sold to china. that doesn't make sense either. >> as we sit here this morning and it's 9:06 a.m. eastern time, 806 central time, where you are. can you explain what the president's tariff plan is exactly? if i said, tell me in 15 seconds or less what the tariff plan is, what would you

say? >> i have no idea, except that it appears that it is basically meant to extract revenue in the form of taxes on hardworking families, to fund tax cuts for the wealthiest at this point. and that's really what's going on. and i think that that is the subtext to, kind of this chaos and confusion in the president's tariff policy. >> and you said before you said there are some tariffs you could support. can you be specific? because, again, you're part of the select committee that deals with china. what? tariffs on china. do you support. >> sure. for instance, the biden administration put tariffs on glass, paper, steel, aluminum, electric vehicles, solar panels, products where there is economic aggression being practiced. in other words, dumping, for instance, dumping of products on american markets at prices that are actually lower than the cost

of production. and they're intended to basically wipe out their american competition and then allow chinese producers to monopolize the market. and so in those situations, it makes eminent sense to level the playing field through strategic tariffs. but tariffs on everything from sneakers to iphones to, you know, consumables doesn't make any sense. it just hikes prices. and then it leads to the conclusion that really what the president is doing is he's trying to put a tax. he's trying to extract revenue from americans to fund these tax cuts. >> i picked up the wall street journal, as i do every morning, but particularly the last few weeks with everything that's been going on in tariffs and one of their lead stories is i have it circled right here. it says spurned u.s. allies sit out trade war. and what it talks about is that the u.s. now says it's trying to isolate china with all the tariffs right now.

it's increased the tariffs on china, even as it's pulled back on some of the reciprocal tariffs, all of them almost against other countries. but some traditional u.s. allies that the u.s. would want to join in against china are saying maybe not right now. what are you seeing on that front? and what are your concerns? >> of course. yeah. they're not going to they're not going to join in with us right now after we just levied tremendous tariffs on, you know, friends, partners and allies like canada and mexico. and we only said that there's a 90 day pause. it's not as though we said we're going to pull back and negotiate at the bargaining table, a final agreement. and so, of course, they are going to sit out our efforts to isolate china, which is exactly the opposite of what we want. we want our friends, partners and allies to join in with us, to then basically exert pressure on china to follow the international rules of the road with regard to trade and not

practice the aggressive economic steps that they're taking to monopolize markets. >> all right. congressman raja krishnamoorthi from illinois, we appreciate your time this morning. thanks so much for being with us. okay. >> so a man has been arrested and charged for setting fire to the home of pennsylvania's governor. the governor and his family were inside at the time. and there's new detail this morning about what the suspect told police about the attack. and the white house is now fighting a judge's order to return the man they mistakenly deported to el salvador. fighting the order to bring him home in a whole new way today. and is meta a monopoly? mark zuckerberg and his social media company, facing a massive antitrust lawsuit. and it's all kicking off in court today. >> introducing two new baja chipotle subs featuring our world famous baja chipotle sauce. listen, that's the baja chipotle talking. well, it's actually me talking, but you know what i mean. find your

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the governor josh shapiro he was at the residence with his family when the fire broke out. it all happened right after the family was celebrating passover. >> we do know that this attack was targeted. we don't know the person's specific motive yet, but we do know a few truths. first, this type of violence is not okay. >> cnn's danny freeman is in pennsylvania now with much more on. there's and there's a lot new coming out this morning. what's the very latest you're picking up, danny? >> that's right. kate, we have a lot of new details about exactly what happened behind me over the course of the weekend. and all of these new details really are disturbing. overnight, kate, we got new court documents which lay out what police think happened when they say 38 year old cody balmer came and lit fire to the governor's residence behind me. police say that on saturday

night, as you noted, while the governor and his family and some other guests were sleeping at the residence, cody balmer jumped over a side fence here with a backpack carrying bottles of beer bottles, i should say filled with gasoline. he then went to this building right here behind me. he broke one of the windows and threw what essentially became a molotov cocktail into the residence. he then broke a second window. kate jumped through that window and threw another molotov cocktail towards the dining room. this is again, according to court documents. and governor shapiro noted that in that dining room just earlier on saturday evening, before all this happened, he was hosting a passover seder on the first night of the jewish holiday of passover. now bomber then kicked open a door and escaped back over the same side fence that he came through. and this is what was a remarkable turn of events. kate. later on on sunday, police then received a call from an ex-lover of this man, bomber, saying that he was the one who came in there and lit fire to the governor's mansion. and then

shortly after that bomber actually showed up at the pennsylvania state police headquarters. it's a massive building not too far from where we are, and turned himself in at that point. police say that he confessed to all of it, including and perhaps the most chilling part of these court documents and the testimony that he gave to police in this interrogation, was that if he had found governor shapiro, bomber would have, quote, beaten him with his hammer. take a listen to how governor shapiro was processing everything that happened just yesterday at a press conference. >> this kind of violence is becoming far too common in our society, and i don't give a if it's coming from one particular side or the other. directed at one particular party or another, or one particular person or another. it is not okay. >> and now, kate, when it comes to motive for this attack, it

actually seems that bomber wasn't even aware if governor shapiro was at the residence on saturday night or not. that's according to police. all that was said in those court documents is that bomber harbored hatred towards the governor, that thankfully, no one was hurt in this horrific incident. though the building took significant damage. the next thing that's coming up in this case, kate, is there will be a preliminary hearing at some time for bomber, kate. >> danny, thank you very much. i mean, the pictures of what? of how much damage was done in those rooms is really, really, really, really sad. sarah. >> all right. thank you. kate. shortly, president trump will welcome the president of el salvador to the white house. this meeting comes as a wrongly deported man's freedom hangs in the balance in el salvador's notorious mega prison. the trump administration admits they made a mistake deporting the man, but they insist they are not required to bring him back to the u.s., despite the supreme court saying the white house must facilitate his return. cnn's priscilla alvarez is

tracking all of this at this time. what can you tell us? the latest is and obviously, the timing of all this is crucial. >> sarah, really, this is remarkable timing because this meeting between the two presidents is happening against the backdrop of this legal battle, which includes the sending of migrants, including kilmar abrego garcia, to el salvador, to that country's notorious mega prison. now, the stand or the argument by the trump administration has been that even though they made an administrative error here, that they cannot be required to work with salvadoran officials to retrieve kilmar abrego garcia, a salvadoran national who in 2019 was granted by an immigration judge what's called withholding from of removal, which is to say he could not be deported to el salvador over fear of persecution. now, the administration has acknowledged that the supreme court says there may be a facilitating that needs to happen, but they're reading that through the lens of

the domestic. anything on the domestic end would be what they can and what they can do, not on foreign policy. in fact, this is how homeland security secretary kristi noem talked about it this morning. >> what the supreme. >> court said. >> here in this decision. >> was a very. >> clear message to other judges across this country is that stop acting like you have the authority to dictate foreign policy and national security decisions that the president is making to protect its citizens. so this was just one of those examples of an individual that, you know, was an ms-13 gang member trafficking in his background was found with other ms-13 gang members, very dangerous person. now, we have asked for evidence of what the secretary is talking about there with his ties to ms-13, but have not received anything to that effect as of now. but sara, i will note that in talking to sources about this meeting between president trump and nayib bukele, the president of

el salvador, this is a key ally for the administration and has been since before the president came into office. it was talked about heading into inauguration day because they really see el salvador as the blueprint in many ways for what they can accomplish in the americas and a country that they can lean on for executing on their deportation agenda. now, the white house has said this is a conversation between two presidents that will include talking about the the notorious mega prison cecot in el salvador. so we'll see what more comes out of this conversation. and if abrego garcia case does come up. but again, sara, just remarkable timing given everything that is happening in this case. and the el salvadoran president here in washington today. >> begs the question whether the president couldn't just ask the salvadoran president to return. the person mistakenly sent there by the united states. we will wait and see. i know you'll be watching all the details. thank you so much. priscilla alvarez there for us in washington. john. >> all right. this morning, a

tufts student speaks out for the first time about the conditions she has experienced in an ice detention center. and there are new reports on what evidence the government says it did not have before it detained her. and we are just a few minutes away from the opening bell on wall street. you can see futures pointing up even as there is new uncertainty as to what tariffs the president is imposing and not. >> the situation room with wolf blitzer and pamela brown today at 10 a.m. on cnn. >> sadly. windshield chips. >> can turn into windshield. >> cracks. but at least you can go to safe flight.com and schedule a fix in minutes. sweet, safe flight can come to you for free. don't wait. go to safe flight.com and schedule now. >> i brought in ensure max protein with 30g of protein. those who tried me felt more energy in just two weeks. here, i'll take that in. >> sure. max protein 30g. >> protein. >> one gram sugar and a protein blend to feed muscles up to

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health. get super beta prostate. >> my happy place. one place i could truly be myself. >> my happy. >> place premieres sunday, april 27th on cnn. >> we are now just minutes away from the launch of blue origin's all female space flight mission. the six person crew includes a whole host of big names and celebrities. pop star katy perry, journalist gayle king, two scientists and a filmmaker to boot. all led by lauren sanchez, the fiance of blue origin's owner, jeff bezos.

the rocket is preparing to lift off any moment from west texas. we will continue to show you that. let's start with going to cnn's ed lavandera, who is standing by live near that launch site in west texas. ed, what are you hearing about the launch? >> well, this seems like more like a west texas desert spectacle party than anything else you have. oprah's here. kris jenner and khloe kardashian. this is just, you know, part of the the festivities, if you will here as this star studded crew, begins the process of taking off here shortly. and as you mentioned this is an event that has happened ten times before with human flights, but it's the first time that it is an all female crew aboard. the the blue origin rocket and new new shepard rocket system. and just to kind of walk you through what's going to happen here over the course of the next few minutes is that, this rocket, once it launches, will take the

capsule up into the sky. they will go about 2 to 3 minutes, and then the capsule will separate from the rocket booster and then continue pushing onward into a suborbital level of space. they're going to be about 62 to 68 miles above the earth's surface. and then for several minutes while they're there, they will experience weightlessness. and then after that, they will begin the process of descending back to earth. and that capsule will land not too far away from where it took off just minutes before. kate. the entire process will last about 10 to 11 minutes. >> all right. thank you so much. ed lavandera for the west texas party. i want to also bring in former nasa astronaut leland melvin, who is in the jumping into the conversation. it looks like the blue origin is now separating or slowly moving. everybody is inside of the capsule. i think by now. so ed was just talking about what they're going to experience. can you give us some sense of

the danger of all this? because while it is not going to be orbiting the earth or going to the space station there, there is some danger here, is there not? >> well. >> there's always. >> danger, kate, and thank. >> you for having me on. when you're. >> having rocket fuel. >> lifting. >> something off the ground and you're off the ground and you're coming back down. so parachutes rocket fuel. but, you know, blue origin has done this ten times, as ed said. and, you know, this is an autonomous flight. there's no one pushing buttons or doing anything inside. and it's a very safe vehicle. and so i think, you know, the, the, the, the worry that gail has, you know, anyone should have worry when they go to space or something. but i think it's probably a very safe flight. and it's only 11 minutes. so that should that should help minimize some of the risk. also. >> i should interject that gayle king told me that she is a nervous flier just in general. and i was like, girl, what are you doing going into space? and she says, i'll be like, jelly, but i want to do this. >> but it's only a few minutes. it's only a few minutes, 62 miles. it's basically going to new jersey and back. maybe safer

than that. >> i mean. >> what i'm just saying. leland, can you can you walk us through what they will feel and when during this, you know, 12 minute flight? >> right, john? so as they're launching, they're going to feel three g's. so three times their weight on their body. and then after the rocket separates, the capsule separates from the rocket, they're going to start getting up to that 62 miles. and they'll feel that weightlessness. so that's when they take their seat belts off. they'll start floating, flipping. i hope everyone takes their seatbelt off and gets to experience that weightlessness, and then see some of the curvature of the earth, which is so beautiful. and then and they're going to have to get back in their seatbelts. and when they're coming down, they're going to feel five g's. so five times their weight parachutes will come out. they'll land safely. >> there it goes. >> this is clearly the beginning of it. let's watch this together. >> it goes. >> liftoff. >> new shepard.

>> has. >> cleared the tower. >> 6000ft. >> climbing. >> begin. >> throttle down. >> for q, limiting. >> engine response. >> looks good. >> max q, maximum dynamic pressure. mark one vehicle is

supersonic. engine backup. supersonic. we have passed through. max q maximum dynamic pressure. that's when the vehicle. the stresses between the atmosphere and the speed are at their maximum. so to punch through that is so important. you see the e three engine. >> was so far back when her hand on her. heart terrified watching it all happen, but also excited. wow. >> those ladies right now are. >> i think they're in three g. i think they just said they're at maximum. >> way to space. >> ed lavandera if you're still with us and you can hear us under the roar of that, how much preparation did they have for this flight? >> hundred miles an hour over mach three. >> not much. the crew showed up here in west texas about three days ago, and they began the process of just kind of going through the safety briefings and understanding exactly what would happen inside the capsule and that sort of thing. so this is

kind of adds to the when you hear gayle king talk about how nervous she is. i think all that kind of lends itself to that, that feeling, because it doesn't like, you think that you go up into outer space. you need a little bit more training than that. but that's the way it is. and it's been rather fascinating to watch this rocket launch here, john, as we were watching it go straight up into the sky as it got farther and farther away, you could still see, like the glow from the rocket, and then instantly it just kind of disappeared into the blue sky. so it almost gave you that sensation that it was passing in into space there. so that was kind of a surreal scene. and it is it feels like it's directly overhead from us, and we're trying to figure out. looking to see if i can figure out where it might be. now, it's almost impossible to see with our eyes here on the ground at this, at this moment. >> and leland, one of the things that that's discussed here is

it was a debate at the beginning when they just started launching this kind of space tourism is, you know, how far into space do they actually go? this just passes that karman line, which i don't pretend to really know much about. and that's why i leaned to you and explaining what that what that indicates. >> 328,000ft. 100. >> so 62 miles or 100km is where the air force designates, space. it's where we're out of our atmosphere. and so that if you get to that point, that's when you're considered an astronaut. >> well, you can hear the oh, my god. and you saw oprah there look like she was crying or pretty emotional watching this. and you saw the kardashians. i mean, it is it is a big promotional party. but this is a moment where you're having an all female crew going up into space. they will be there for, say, 12 minutes or so. and, you know, weightlessness is no joke. i'd like to experience that a little bit, but not the crushing 3g. no thank you. i don't want

to feel three times my weight. no thanks. i'm not good with that. but look at that. they're almost there. >> we saw a video of katy perry touring the capsule. we have been told the capsule has now separated from the rest of the aircraft. obviously about halfway through. i mean, they're now up there. i imagine now is the period where they will be weightless. katy perry said she intended to sing in space beforehand. one wonders what song. she might choose. >> i'm going to go with the. it's just another first, because there actually have been a lot of firsts that blue origin, i think. leland, you were even kind of noting this as that blue origin has. wow, people can say what they will and they should about the whole what everyone watches happening. you. blue origin is offered a lot of firsts for people who maybe had gotten passed over in previous attempts to make it to space. >> yeah, i mean, wally funk. >> i think katy perry singing just to interrupt you, katy

perry singing hold on one second. >> i think. >> i have to say, i hope the other five passengers like katy perry music. >> all right. leland, you can you can go ahead. that was interrupted by whatever that beeping. do you know what that noise is? >> might be an original. >> a lullaby. >> i don't recognize that song. maybe it's a maybe it's a beatbox there or something. but, you know. blue origin has done a really good job of giving justice to people like wally funk, who would have been an apollo astronaut. she did the training, and she was just as talented as the other astronauts, male astronauts. and then also ed white, who got justice. >> they're all astronauts are back in their seats. you see the two?

>> okay. so they're coming back down. that was fast. >> exactly. by design. >> they're only. >> up there. >> coming back down. >> that's too fast for sara ganim would stay up there for a little bit. >> its landing spot just two miles north of where it's coming down with. >> blue origin tells. >> you to come down. sara. it's it's pretty. >> cool to watch, though. it's pretty cool. and it must be amazing being. >> in it comes into land. >> here it goes. >> thereafter you will see the drag brakes that. >> the rocket is coming. >> back first, and then you caps can come down in half and then this is the rockets and there it is. we can see it from the stage. there comes the rocket down. it's going to relight its engine. we can also see a sonic boom. we're going to hear that shortly. here. and remember this is something that had never been done before until just a few years ago. truly the stuff of science fiction that you're about to watch in just seconds. there is. >> that sonic boom. >> and.

>> there we go. >> not for nothing. i think that's always. >> the coolest part. >> i land. right back down on. >> here on earth. that's the coolest part. >> yeah. >> and that's the rocket. correct. we're going to see the capsule in a second. >> they come down with the parachute. >> let's hope so. >> they. touchdown! welcome home, new shepard. yeah. picture perfect landing right here. >> so the cheers you're hearing they're perfect landing. they get to reuse that i'm assuming that's one of the big things here is that you have you're able to to do this over and over and over again. and they have several times this being one of those times that this time you've got gayle king, you've got katy perry you've got, several very well known folks, celebrities, et cetera. on this flight. as well as a really important astronaut. >> leland, when you are coming down in a capsule and i know various types of landing over the last several decades for

nasa astronauts, but what's that like? what does it feel like that slow were. >> descent capsule. those are like the guy parachutes. well, john. >> you're coming back from space that you're getting, like five g's on your body. so they're feeling five g's now before these parachutes come out. and it's, you know, you're you've been in space for a while, and you're hard to lift your arms and things under that new g's. but i see all the parachutes are starting to come out now, and they're going to be landing safely very soon. >> editor. you're there in west texas. what's it like from there? >> yeah, it's the the parachute. we saw the parachutes deploy here just a few seconds ago. clearly, that's a huge sign of and relief for, all the family and friends watching all of this closely. but that that rocket booster returning to the launch site was quite something. that thing was, like, just it almost

looked like it from our vantage point. looked like it was in freefall. coming back for a moment. and all of a sudden, those reverse thrusters turned on and it slowed it down, and it just released a large boom that we could feel from the several miles away that we are. but we're continuing to watch the capsule, and it is far more east than from the rocket. the launch pad. and from our vantage point, it is just now looking like it's touching the ground and the parachutes are starting to descend to the desert floor here. so by all accounts, it looks like this has gone off safely. and assuming that everyone on board is doing well. but that capsule appears to be on the ground safe and sound with this star studded crew on board. >> yeah, we are watching it just slowly descending now, comfortably descending. >> a bit of a delay from. >> a little bit of a delay. yeah. but we just mentioned that journalists. gayle king is there, singer katy perry is there. amanda nguyen, who's a research scientist. and carrie

ann flynn, a nasa rocket scientist on that flight. and this is i mean, it's cool. there it is. >> it is something i have to say. it's an amazing picture. particularly when those parachutes go out. and i think everyone has that moment when they're happy to see them unfurl. and now even happier to see it touch down safely. >> that's right. >> with safe and sound. >> they have. >> studied audience for the star studded crew in west texas today, so we're going to keep we're going to keep an eye on this. there will be video, that blue origin, of course, you know, will be putting out from inside the capsule during their moments of weightlessness. and maybe then we can learn what katy perry was actually singing. we will all find out together. leland, thank you so much and enjoy the west texas party. thanks, buddy. >> i like the orange and blue. parachutes there. just saying. john, there is one thing we hope is not in freefall. up there are the pictures. >> okay, i was told. there we go. there it is. and the

breaking news. the markets open just moments ago. you can see they're up clearly on the news of katy perry landing safely in west texas. >> john. >> no. the markets are up ever so slightly this morning. futures are pointing up all morning long. it seems that investors have been reacting to what the president and the white house did over the weekend, which was seem to pull back on certain tariffs on electronics that cell phones, semiconductors and the like coming from china. they like that. although yesterday the president and the white house spent all day saying, no, no, no, no, this isn't a pullback on those tariffs. they're going to come back on. as of now investors clearly in a little bit of a wait and see mode. but in the green this morning pointing up which is something i think that is welcome to a lot of the people who have been watching wall street lately, even as uncertainty remains very much over the entire situation, because obviously people just don't know what's coming next on tariffs. all right. much more

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how do you think wall street is reacting to this? and they are all the way to the left, their extreme fear. so the question is, what happens when it appears the markets are acting out of fear? >> well. >> sarah. >> first of. >> all, that maps with. >> consumer confidence. >> which is. >> at low levels. >> as well. >> and so when we think. >> about. >> that type of. >> fear. >> it's really. >> important for. >> us to put the fear in its right. >> place, which is that the fear is normal because we're humans. >> after all. >> and when you think of that fear as being. >> normal. >> it's important to. take a pause and reframe what's the opportunity on the other side of that fear. and the opportunity is to get your money organized. whether you're a business owner, whether you're an individual, get your money organized. what do you owe? what do you have? and is there anything you could do to stress test your situation? could you lower your expenses? are there other income or revenue sources that you could think about accessing? so really changing

that fear into opportunity and making sure you're paying attention to what's in your control. >> so when it comes to all this, you said sort of look at where you are. you know, my husband said to me, what if it goes to zero? and i was like, i don't think it went to zero during the depression. i mean, that would be bad. but when you look at your own finances, is this a time to buy or should you sell even though that would lock in your losses? >> so you have to look at two different things. so let's go to the buy question. so when you think about buying it could be opportunistic from your perspective. so if you think the markets are to dip or at our opportunity point for you based on what you think has the chance to grow or produce income for you, it possibly could be that chance. however, think of it differently. instead of market timing, think of time in the market as your friend. and so what is going to give you that time in the market? and usually going with a dollar cost averaging approach can be a much more sage approach because you can buy on the dips and as markets are going up you can buy it then as well. so dollar cost

averaging a certain amount of money every month, every quarter invested in a way that's intentional can be useful in terms of selling. that can be opportunistic as well. so look at your portfolio. what has run up in value, what has gone down in value. and look at something called cost basis. so what did you buy that security at. and it's tax time coming up as everyone knows. so is there an opportunity to harvest some of your losses and use that as an opportunity from a tax standpoint to. >> benefit writing some things off? >> exactly. >> looking at that. >> that's exactly right, sarah. >> you know, this has always bothered me. so the markets have all of these people, you yourself, analysts who look at the markets and they say this is going to do well, this is happening. this is happening. and they're giving you sort of a guide as to what to do with your money. but it seems so emotionally driven. what is that? >> well, so it's emotional, but it's also information. so there's an absence of information right now in terms of where tariffs are going to

go. and you saw it this weekend in terms of some of the relief in terms of electronics. and we're even still getting more clarity there. so it's really about an absence of information connected with that emotion. and then we coin that as uncertainty. so during these uncertain times it's really important to take a pause again, look at your money, organize it, see what you're trying to accomplish. a lot of the best and worst days, as we saw last week, are closely put together. so if you follow that emotion, that gut, it can actually lead you astray. so really look at your strategy. is there something to do? is there something not to do? and really take a measured approach, sarah, because that's going to benefit almost every investor or business owner out there. >> it's basically what you can do to make yourself sleep at night is probably the best thing. >> yes. >> take control. take a minute. >> take control of what's in your control. and don't focus on all the things out of your control and follow the herd, because the herd isn't necessarily what you have in mind for your financial life. >> all right. michael hirsh,

always a pleasure. you're so calm. it makes me feel a little bit calmer about what the heck is going on. the uncertainty. >> thank you. >> sarah. but john does not. >> john know? my gut always leads me astray. all right. this morning. opening arguments set to begin in a trial. the trial of tech giant meta. how the outcome could drastically change social media. >> do you have an ugly, outdated, maybe even unsafe bath or shower? you could remodel it the hard way. or you could do it the easy way by calling jacuzzi and get the beautiful bathroom of your dreams installed in just one day. that's right, it doesn't take weeks or months. just one day. and you won't need to break anything. not even the bake. right now we're waiving all installation costs, plus offering zero interest and zero payments for up to one

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sharing things with him. >> the situation. >> room with wolf. >> blitzer and pamela brown next on cnn. >> so this morning, the federal government are heading to court. kicking off what is sure to be a huge antitrust case. opening arguments are up first this morning. and what happens next

could reshape the social media landscape as we know it. the u.s. government is accusing mark zuckerberg's company, meta, of illegally building up a monopoly over years, through years of anticompetitive conduct. cnn's clare duffy joins us now with much more on this. this is setting up to be, well, a big day and a huge case. what? what are you expecting? >> it really could. >> be one of the most consequential. moments in meta's history. we're expecting today to hear both sides sort of outline what their arguments are. >> going to be. >> in this case. the ftc, as you said, has accused meta of illegally building up a social networking monopoly, in large part by buying up platforms that could have been competitors like instagram and whatsapp. and the ftc is almost certainly going to be looking at things like the fact that 3.3 billion people use one of meta's platforms. now, meta says that it has plenty of competition from platforms like tiktok and x, imessage, snapchat. and the platform has also said, and i'm quoting here, that regulators should be supporting american innovation in the face of competition from

china. and if that sounds like an appeal to president trump, that may not be a coincidence. as you and i have talked so much about. ceo mark zuckerberg has been working to cozy up to trump, and he has reportedly asked trump to intervene in this case. so certainly the company will be hoping hoping that that he may do that, because if he doesn't, if the ftc wins this case, meta could be forced to spin off instagram and whatsapp. >> if president trump wanted to intervene, what could he do within the bounds of what's in the bounds? >> yeah, it's interesting because normally the ftc operates pretty independently. it would be unlikely to see a president intervene in a case like this. but we know that the trump administration is not necessarily typical. trump recently fired two of the democratic representatives on the ftc. they are suing to get their jobs back, but it's a bit unclear how that is going to turn out. and trump's pick to lead the ftc, andrew ferguson, recently said that the agency was raring to go in, in this case against meta. but he also said that it was important to obey lawful orders from the

president. so it's possible that trump could try to signal to him that he would like the ftc to back off on this case. >> some of the things i've been saying about this case, i mean, it's going to be dozens of witnesses are going to be interviewed, reams of evidence and paperwork. i mean, the scope of what all is going to be coming into this. i mean, one thing that brian stelter is saying is it could be maybe shan wu is saying is setting up to be really setting up for a settlement. i mean, what are you hearing about kind of the machinations of what we're going to see play out in court? >> yeah, i mean, this is a huge this is the result of a six year investigation. we are expecting to see mark zuckerberg as well as the former ceo, coo sheryl sandberg, testify in this case. so there is going to be a lot going into this. and you know, as it goes further along, if we don't see president trump intervene, we may indeed see meta try to settle this case rather than have to spin off these two platforms. >> all right. let's see what happens. first and foremost today. thank you claire. it's great to see you. >> and thank you all for being with us